Nuancing Piketty (Larry Summers Speaking)
Lawrence Henry (Larry) Summers
(http://en.wikipedia.org/wiki/File:Lawrence_Summers_2012.jpg)
no copyright infringement intended
(http://en.wikipedia.org/wiki/File:Lawrence_Summers_2012.jpg)
no copyright infringement intended
Books that represent the last word on a topic are important. Books that represent one of the first words are even more important ... Piketty has emerged as a rock star of the policy-intellectual world. Every pundit has expressed a view on his argument, almost always wildly favorable if the pundit is progressive and harshly critical if the pundit is conservative. Piketty’s tome seems to be drawn on a dozen times for every time it is read ... and as a conclusion: Thomas Piketty’s tour de force analysis doesn’t get everything right, but it’s certainly gotten us pondering the right questions.
I quoted from The Inequality Puzzle, an article by Larry Summers, published in Democracy, a Journal of Ideas:
(Thomas Piketty)
Labels: Piketty
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